FX Connect Releases Automated Order Router Tool

State Street’s FX Connect rolled-out a new piece of functionality in the form of its Automated Order Router (AOR).

The platform says that this AOR will allow buy side firms to further streamline their current execution process by allowing for rules-based trading for Request for Stream (RFS) sessions; where buy side firms can establish a rule-set inclusive of defined attributes, which will determine the submission and/or acceptance of orders with minimal human involvement. Users can monitor these automated orders in real time in their ‘Active Orders’ view and take manual action to accept or cancel the orders as needed.

“This powerful new functionality is fully customisable and allows client firms to choose how to execute their trades. It will help make clients’ FX trading more efficient and more transparent, and adds value to the investment decision making process,” says Beverley Doherty, global head of FX Connect. “The new AOR functionality has been driven by direct feedback from our clients. They want the ability to execute certain types of FX orders in a low-touch manner and our new offering  enables them to do this with confidence.”

“From pre-trade to post-trade, our workflow engineering and feature-rich platform enables our customers to optimize the entire trade lifecycle and meet regulatory and compliance mandates,” says David Newns, head of execution solutions for Global Link, State Street’s suite of e-trading platforms, technology, data and workflow solutions. “FX Connect continues innovating and improving our products to meet the evolving needs of our customers in new and exciting ways.”

 

Galen Stops

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